SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : A.I.M Users Group Bulletin Board

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: B. J. Barron who wrote (12070)7/15/2000 5:19:35 AM
From: OldAIMGuy   of 18928
 
Hi B.J. Your story about Japan Fund got me thinking about my investment in Mexico Fund.

I started my Mexico Fund investment quite a long time ago. It took the crash of the Peso in late 1994 to get me to buy into it as I attempted to bottom fish the price. I think I started at about $22, down from a 52 week high of something near $40 and then proceeded to AIM it all the way down to the low teens.

Although not a large portion of my overall portfolio, it's provided its own level of entertainment far in excess of its percentage of value! A profitable account now, it has provided good AIM trading in recent years. The fund managers have called for a special meeting in Sept. to discuss changes to the fund's structure to make it a better representation of Mexico's "globalizing economy." Now I'm not sure exactly what the heck that means, but the fund has been responding well to both the recent elections and this news.

Here's what SI's chart for the last three years looks like for MXF.........
siliconinvestor.com
and here's my own AIM history for the same period of time............
aim-users.com

MXF was hard hit in 1998 along with most of Central and South America and essentially all of Asia. The price/share still hasn't fully recovered to those highs. AIM's guidance has provided me with a chance to actually have my account at an all time high value, even so.

The advent of foreign and sector funds has added a tremendous new opportunity for AIM users. There's good volatility and diversification which seem to work well with AIM. I would think that Mr. Lichello would enjoy these new devices.

Best regards, Tom
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext